Overview
Global Level Transmitter Market is
expected to reach a value of USD 4,166.7 Million by 2025 at a CAGR
of 4.98% during the forecast period. Market Research Future (MRFR) in its
report, envelops segmentations and drivers to provide a better glimpse of the
market in the coming years. Level transmitters operate as contact type and
non-contact type. Contact type level transmitters are widely used. Level
transmitters have major applications in oil & gas, energy, and power,
chemicals and petrochemicals among others. The increasing adoption of
industrial automation across several industry verticals drives the growth of
the market. Also, rising investments in the development of new technologies by
the government authorities as well as private organizations & manufacturers
for work process monitoring systems is contributing to the growth of the level
transmitter market.
Competitive Analysis
The Key Players of Global Level
Transmitter Market are Vega Grieshaber Kg (Germany), WIKA Alexander
Wiegand Se & Co. KG (Germany), Magnetrol International, Inc.(US), Dwyer
Instruments, Inc. (US), Krohne Ltd (Germany), Baker Hughes (US), ABB Group
(Switzerland), Emerson Electric Co. (US), Siemens Ag (Germany), Honeywell
International, Inc. (US), Schneider Electric Se (France), Yokogawa Electric
Corporation (Japan), Ametek, Inc. (US), Endress+Hauser Management Ag
(Switzerland), and Fuji Electric Co (Japan) among others.
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- In July 2019,
KROHNE introduced the OPTIWAVE 1400 FMCW radar level transmitter for the
water and wastewater industry. It offers measurement benefits such as high
accuracy, reliability, and measurement stability at a competitive price.
- In February 2019,
Emerson Electric introduced the first wireless radar level
transmitter—Rosemount 3308 Guided Wave Radar (GWR). It delivers enhanced
accuracy that can be verified without opening the thief hatch, thereby
increasing safety.
Segmental Analysis
The Global Level
Transmitter Market Size has been segmented based on Product, Type,
End-User, and Region.
Based on Type, the market has
been classified into contact and non-contact. The contact type segment
accounted for the larger market share in 2018, with the highest market value.
Contact level transmitters are in direct contact with the measuring fluid with
the help of probes. These devices use conductive level switches, float
switches, vibrating forks, and others for measuring liquid level. The
non-contact type of level transmitter is a premium level measurement device
which is expensive but offers accurate and reliable data readings.
Based on End-User, the market has
been classified into oil & gas, chemicals, power generation, and others.
The oil & gas segment accounted for the larger market share in 2018, with
the highest market value. Power generation is expected to grow at the highest
CAGR during the forecast period. The rising technological advancements and
increasing demand for reliable and accurate measuring instruments from the
offshore production facilities are increasing the demand for level transmitters
in the oil & gas industry. The chemical industries are using the latest
technologies for increasing the production of high-quality chemicals. The
chemical industry is gaining popularity due to the increasing demand from the
consumer, manufacturing, beverages, and pharmaceutical companies. The power
generation sector produces a large amount of energy for various end users such
as commercial, residential, and industrial.
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